From Obamacare to the IRS scandal, Republicans are ignoring the facts
By Dana Milbank, WashPost, Published: February 5
Sen. Marco Rubio was a day late and $8 billion short.
As part of his political comeback since his lenient position on immigration antagonized the conservative base, the Florida Republican introduced the “Obamacare Taxpayer Bailout Prevention Act.”
The idea, a back-door way to repeal the health-care law, was to get rid of the “risk corridors” and reinsurance that protect health insurers from big losses. The idea caught on: House Republican leaders floated the idea of linking it to this month’s debt-limit talks (which means they would again threaten a U.S. debt default if Obamacare isn’t dismantled), and the House Oversight and Government Reform Committee made Rubio the featured witness at a hearing on the matter Wednesday.
But the day before Rubio’s star turn, the Congressional Budget Office reported that the “bailout” actually would be a bonanza for the government. In a report that was otherwise unhelpful to the health-care law, it said risk corridors would bring the Treasury net proceeds of $8 billion over the three years they are in existence.
(More here.)
Sen. Marco Rubio was a day late and $8 billion short.
As part of his political comeback since his lenient position on immigration antagonized the conservative base, the Florida Republican introduced the “Obamacare Taxpayer Bailout Prevention Act.”
The idea, a back-door way to repeal the health-care law, was to get rid of the “risk corridors” and reinsurance that protect health insurers from big losses. The idea caught on: House Republican leaders floated the idea of linking it to this month’s debt-limit talks (which means they would again threaten a U.S. debt default if Obamacare isn’t dismantled), and the House Oversight and Government Reform Committee made Rubio the featured witness at a hearing on the matter Wednesday.
But the day before Rubio’s star turn, the Congressional Budget Office reported that the “bailout” actually would be a bonanza for the government. In a report that was otherwise unhelpful to the health-care law, it said risk corridors would bring the Treasury net proceeds of $8 billion over the three years they are in existence.
(More here.)
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